(EnergyAsia, May 3) — US crude futures finally closed below US$50 a barrel on the last trading day of April, ending a record run of more than two months during which oil prices touched record highs on two occasions. Early last month, crude futures broke through US$58 a barrel. Since then, it has been mostly…
MARKETS: Ended for now, two months and 11 days of US$50-plus oil; US$60 target is still on
Posted on May 3, 2005 by EnergyAsia